One analysis found that more than 40% of CDFI’s loans and investments are in majority-minority communities.
Consumers can push for racial justice – and it’s as simple as opening an account at a community bank or credit union that supports under-served communities.
Netflix announced recently that it would transfer $100 million of its cash holdings to financial institutions that support Black communities in the U.S.
Meanwhile, across the U.S., there are more than 1,000 Community Development Financial Institutions, or CDFIs. These institutions specialize in under-served communities and more than a third of their banks are led by minorities. One